Electrolyzer Market Overview, Growth, and Trends (2021-2031)
Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031Coverage: Electrolyzer Market covers analysis By Product (Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzer); Capacity (Less than 500 kW, 500 kW to 2 MW, Above 2 MW); Application (Power and Energy, Transportation, Industry Feedstock, Building Heat and Power, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Aug 2025
- Report Code : TIPRE00029366
- Category : Energy and Power
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
MARKET INTRODUCTION
An electrolyzer is a container that contains a liquid electrolyte. The electrolyte's primary function is to separate the anode and cathode. By delivering an electric current through these systems, water is decomposed into hydrogen and oxygen. The electrolyzers are available in various sizes and have different methods of electrolysis. Most of the electrolyzers used are alkaline electrolyzers. Factors such as Surging demand for hydrogen as a feedstock across the chemical and other industries is creating profitable opportunities for the electrolyzer market in the forecast period.
MARKET DYNAMICS
The increasing research & development activities to produce green hydrogen coupled with rising government spending on H2 energy design & development programs and rising sales of electric vehicles (EVs) are driving the demand for hydrogen refueling stations and electrolyzers are driving the growth of the electrolyzer market. Higher cost of the device may restrain the growth of the electrolyzer market. Furthermore increasing awareness about the harmful impact of burning fossil fuels is anticipated to create market opportunities for the electrolyzer market during the forecast period.
MARKET SCOPE
The "Global Electrolyzer Market Analysis to 2031" is a specialized and in-depth study of the electrolyzer market with a special focus on the global market trend analysis. The report aims to provide an overview of electrolyzer market with detailed market segmentation by product, capacity, application, and geography. The global electrolyzer market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electrolyzer market players and offers key trends and opportunities in the electrolyzer market.
MARKET SEGMENTATION
The global electrolyzer market is segmented on the basis of by product, capacity, and application. On the basis of product the market is segmented into alkaline electrolyzer, PEM electrolyzer, and solid oxide electrolyzer. Based on capacity the market is segmented into less than 500 kW, 500 kW to 2 MW, and above 2 MW. Based on application the market is segmented into energy & power, transportation, industry feedstock, building heat & power, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electrolyzer market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electrolyzer market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting electrolyzer market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the electrolyzer market in these regions.
IMPACT OF COVID-19 Electrolyzer MARKET
In countries like China, Brazil, and India, the COVID-19 pandemic had a mixed influence on the energy and power sector. Furthermore, industry players are forced to follow strict restrictions as a result of social distancing and lockdown norms, which has harmed electrolyzer operations. Due to the relaxation of the lockdown by the government authorities and the reopening of industrial facilities, manufacturing plants, and the transportation sector, the industry is expected to recover its lost strength by 2021. In addition, the industry's prospects will be bolstered by restructuring investments in new projects and renovating current facilities.
MARKET PLAYERS
The reports cover key developments in the electrolyzer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from electrolyzer market are anticipated to lucrative growth opportunities in the future with the rising demand for electrolyzer market. Below mentioned is the list of few companies engaged in the electrolyzer market.
The report also includes the profiles of key electrolyzer market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Nel ASA
- Siemens Energy Global GmbH, Co. KG. AG
- Next Hydrogen
- Air Liquide S.A.
- Air Products and Chemicals Inc.
- Asahi Kasei Corporation
- Cummins Inc.
- ITM Power plc
- McPhy Energy S.A.
- Plug Power Inc
Electrolyzer Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ XX million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2025 - 2031) | XX% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
- Oil and Gas Fishing Market
- Wireline Services Market
- Oil Country Tubular Goods Market
- Europe, MENA, North America Portable Integrated Photovoltaic Market
- Forklift Battery Market
- Transcritical CO2 Market
- Gas Engine Market
- District Heating Market
- Managed Pressure Drilling Market
- Geothermal Power Generation Market
Testimonials
I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.
DR CHIJIOKE ONYIA, MANAGING DIRECTOR, PineCrest Healthcare Ltd.
The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services
Yukihiko Adachi CEO, Deep Blue, LLC.Reason to Buy
- Informed Decision-Making
- Understanding Market Dynamics
- Competitive Analysis
- Customer Insights
- Market Forecasts
- Risk Mitigation
- Strategic Planning
- Investment Justification
- Identifying Emerging Markets
- Enhancing Marketing Strategies
- Boosting Operational Efficiency
- Tracking Industry Innovations
- Aligning with Regulatory Trends
Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.
Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.
Once your order is successfully placed, you will receive a confirmation email along with your invoice.
• For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
• For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.
We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.
The report is available in either PDF format or as an Excel dataset, depending on the license you choose.
The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
Please review the license options at checkout or contact us to confirm which formats are included with your purchase.
Our payment process is fully secure and PCI-DSS compliant.
We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
You can make your purchase with confidence, knowing your personal and financial information is safe with us.
Yes, we do offer special pricing for bulk purchases.
If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.
Yes, absolutely.
Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.
Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.
Yes, certainly.
If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.
1.Nel ASA
2.Siemens Energy Global GmbH, Co. KG. AG
3.Air Liquide S.A.
4.Air Products and Chemical Inc.
5.Asahi Kasei Corporation
6.Cummins Inc.
7.Plug Power Inc.
8.McPhy Energy S.A.
9.ITM Power plc
10.Next Hydrogen
Get Free Sample For